The battle for S&N

Scottish & Newcastle faces a tough battle to defend itself from the joint takeover launched by Carlsberg and Heineken. But today’s announcement
of a legal challenge to Carlsberg over alleged breaches of the shareholder agreement governing their 50/50 joint venture, Baltic Beverages
Holding (BBH), suggests it will not be going down without a fight. Ben Cooper reports.

Scottish & Newcastle faces a tough battle to defend itself from the joint takeover launched by Carlsberg and Heineken. But today’s announcement
of a legal challenge to Carlsberg over alleged breaches of the shareholder agreement governing their 50/50 joint venture, Baltic Beverages
Holding (BBH), suggests it will not be going down without a fight. Ben Cooper reports.